Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What was the effective date of the universal reversion of the Income Tax Acts?
What was the effective date of the universal reversion of the Income Tax Acts?
- 15 December 2021
- 30 November 2021
- 1 January 2022
- 31 December 2021 (correct)
What is the reference for quoting relevant section numbers in assessments?
What is the reference for quoting relevant section numbers in assessments?
- EA 1333
- DA 1244
- CA 1355
- BA 1266 (correct)
What is the treatment for provisions related to stock obsolescence?
What is the treatment for provisions related to stock obsolescence?
- Only specific provisions are deductible (correct)
- All provisions are deductible
- Provisions are deductible without any conditions
- Provisions are not deductible at all
When are other provisions considered deductible?
When are other provisions considered deductible?
Signup and view all the answers
What has been done to the renumbered sections of the Tax Acts?
What has been done to the renumbered sections of the Tax Acts?
Signup and view all the answers
Flashcards are hidden until you start studying
